Dozens of high street banks and building societies have slashed rates on savings products, in a swift response to the Bank of England’s (BoE) decision to lower the base rate earlier this month. Nearly 40 providers have either reduced their rates or withdrawn products altogether, following the BoE’s quarter-point cut to 4.5%. Despite these cuts,
A national conversation on land use has been launched by the UK Government which will seek the views of farmers, landowners, businesses and nature groups on a new approach to managing land use in England. According to Defra the Land Use Framework uses “the most sophisticated land use data ever published” and aims to provide
The Manufacturers Association of Nigeria has appealed to the Federal Government to urgently direct the Central Bank of Nigeria to drastically reduce interest rates on industrial loans. Speaking at the 10th Annual General Meeting of Kwara/Kogi axis of the Association held in Ilorin, Kwara state on Tuesday, the outgone chairman, Ramon Bioku lamented the present
“The scheme was introduced in Hong Kong during the pandemic when the economy was almost ground to a halt because of the closing of borders. It was a special measure to help SMEs,” Yau told a radio programme. “As the economy gradually recovers, it’s a heavy burden on the government if we maintain a 100
Stock market turmoil earlier this month prompted some investors to ditch stocks in favor of an alternative typically viewed as safer but less exciting: bonds. The renewed popularity of bonds follows months of heightened interest, since investors have sought to lock in high yields in anticipation of interest rate cuts at the Federal Reserve, experts